How the price action of Ethan Allen Interiors (ETH) is used to our Advantage

June 12, 2021, 23:15 pm ET, BY Barry C. - Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Ethan Allen Interiors (NYSE: ETH) data table below can help you with price action, and we have more details too. Trading plans for ETH are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.

Technical Summary

Term →Near Mid Long
Rating Strong Neutral Strong
P1 0 0 27.86
P2 30.37 30.40 30.23
P3 31.03 31.21 32.89
⚠Triggers may have already come
Support and Resistance Plot Chart for ETH

Longer Term Trading Plans for ETH

June 12, 2021, 11:15 pm ET

Our Longer Term Plans for ETH help you determine where to buy, sell, short, and set risk controls. Use this in conjunction with our Longer Term Market Analysis to go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis and see how it helps you work with this ETH Report.

Long Support Plan (Long Term Trading)

Buy ETH over 30.23 target 32.89 stop loss @ 30.14

The technical summary data tells us to buy ETH near 30.23 with an upside target of 32.89. This data also tells us to set a stop loss @ 30.14 to protect against excessive loss in case the stock begins to move against the trade. 30.23 is the first level of support below 31.08 , and by rule, any test of support is a buy signal. In this case, support 30.23 is being tested, a buy signal would exist.

Short Resistance Plan (Long Term Trading)

Short ETH under 32.89, target 30.23, stop loss @ 32.98

The technical summary data is suggesting a short of ETH as it gets near 32.89 with a downside target of 30.23. We should have a stop loss in place at 32.98though. 32.89 is the first level of resistance above 31.08, and by rule, any test of resistance is a short signal. In this case, if resistance 32.89 is being tested, a short signal would exist.


ETH Long Term Analysis for June 12 2021

Blue = Current Price
Red = Resistance
Green = Support

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